Jacqueline Desmarais Net Worth

Jacqueline Desmarais Net Worth and Career

Highlights

Jacqueline Desmarais was a Canadian businesswoman and heiress who had a net worth of $5 billion at the time of her death in 2018. She inherited a vast fortune from her late husband, Paul Desmarais Sr., and played a significant role in overseeing the Power Corporation, the company her husband built.

Early Life

Unfortunately, there is limited information available about Jacqueline Desmarais’ early life, including her birthdate and birthplace. However, it is evident that she was born in Canada and spent most of her life there.

Career

Jacqueline Desmarais’ career was primarily centered around her involvement with the Power Corporation, an internationally diversified management and holding company. After her husband’s passing in 2013, she took charge of the corporation alongside her two sons, Paul Jr. and Andre, who also served as co-CEOs.

The Power Corporation has various investments and holdings, including stakes in Putnam Investments, a mutual fund company, Great-West Lifeco, an insurance firm, and CITIC Pacific, a Chinese conglomerate.

Desmarais played a crucial role in the corporation’s decision-making processes and oversaw the management of its extensive portfolio. In January 2014, the family made headlines when they decided to sell over 15 million subordinate voting shares in the company.

Personal Life

Jacqueline Desmarais was the widow of Paul Desmarais Sr., a prominent entrepreneur and billionaire. Together, they had four children. She resided at the family’s 75-acre estate called Le Domaine Laforest in Quebec.

Net Worth Over Time

As previously mentioned, Jacqueline Desmarais had an estimated net worth of $5 billion at the time of her death in 2018. This immense wealth was primarily derived from her inheritance and her involvement in managing the Power Corporation.

Components of Net Worth

Jacqueline Desmarais’ net worth primarily consisted of her ownership stake in the Power Corporation and its various holdings. The company’s extensive portfolio and successful investments contributed to her substantial wealth.

It’s important to note that net worth calculations are based on public information and estimates, as detailed financial information may not be readily available for private individuals.

In conclusion, Jacqueline Desmarais was a Canadian businesswoman whose net worth was approximately $5 billion. She inherited her vast wealth from her late husband and played a significant role in managing the Power Corporation. Her involvement in the company’s decision-making process and oversight of its diverse portfolio contributed to her substantial net worth.

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